Showing 1 - 4 of 4
We consider a sovereign wealth fund that invests broadly in the international financial markets. The influx to the fund has stopped. We adopt the life cycle model and demonstrate that the optimal spending rate from the fund is significantly less than the fund's expected real rate of return. The...
Persistent link: https://www.econbiz.de/10013201109
We consider a sovereign wealth fund that invests broadly in the international financial markets. The influx to the fund has stopped. We adopt the life cycle model and demonstrate that the optimal spending rate from the fund is significantly less than the fund's expected real rate of return. The...
Persistent link: https://www.econbiz.de/10012628390
Persistent link: https://www.econbiz.de/10012178808
Persistent link: https://www.econbiz.de/10012489878